Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (7273)	7/16/2001 10:01:08 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 209892

<<The only thing that can bring these bad boys down is some LLCF from the credit side -- some dislocative event that pricks bubble>> So it seems. At this point, I'd even be happy if they closed the Softee euphoria gap from last week on the NDX...<NG> Banks WILL take one in the neck...BK (the stock, not the Chapter 11 type or Big Kahuna type) was an example of what can happen and what is out there. Unemployment is key, but I agree with you, knowing the banksters, they'll keep their hand well hid until they have no choice.

To: AllansAlias who wrote (7273)	7/16/2001 10:35:36 PM
From: Shack	Read Replies (1) \| Respond to of 209892

My god man, you into the peyote again?-vbg Actually, since you put up that DOW semi-annual chart, I have been doing a little counting and I must say that there is a bull count which is very much alive. As long as this corrective wave we are in does not penetrate 9950 (the top of the '1' from March), I will be giving it full respect. Actually, that level is also the 61.8% retracement of the entire rally in the DOW so it has even more credibility in my eyes. That being said, this is 500 points from here and I believe we at least test it since we have now retraced more than 50% of the rally. Thus I am in short mode.